VLO surges 3.59% on high volume


Valero Energy (VLO) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
VLO rallies 3.59% on high volume
VLO dominated by bulls lifting the market higher throughout the day
VLO closes higher for the 6th day in a row
VLO pushes through previous session high
VLO rises to highest close since Inception
TQ Sentiment
Report Sentiment: 60% Bullish
Technical Forecast:
Overview

Moving higher for the 6th day in a row, VLO finished Monday at 105.49 surging $3.66 (3.59%) on high volume. This is the biggest single day gain in over a year. Today's closing price of 105.49 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 102.23, the share confirms its breakout through the previous session's high having traded $4.12 above it intraday.

Daily chart for VLO
Volatility

Monday's trading range was $4.22 (4.13%), that's far above last trading month's daily average range of $2.41. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a slightly bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Valero Energy
ConditionForecastDirectionWinAvgWorstBestEvents
High close to previous High TQ Pro Members Only
Bearish Bounce off SMA 100 TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
Bullish Engulfing Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
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